Market rises by 4.45 points, 14.32 billion rupees in trading

The share market rose by 4.45 points on Sunday, bringing the NEPSE index to 2,824.9 points. The market experienced only normal fluctuations throughout the day. Trading volume has remained notably high in recent days. The turnover for the day recorded 14.32 billion, which was NRs 14.55 billion the previous day.

Share prices of 124 companies increased, while 130 companies saw declines, and 9 companies remained unchanged.

Among sector indices, the trading sector posted the highest gain with an increase of 2.83%. Similarly, the banking sector rose by 0.21%, development banks by 0.74%, finance by 0.22%, hydropower by 0.06%, manufacturing and processing by 0.12%, microfinance by 0.15%, non-life insurance by 0.16%, and the others sector by 0.03%.

Meanwhile, the investment sector declined by 0.54%, hotels and tourism fell by 0.62%, and the life insurance sector dropped by 0.46%.

The share prices of three companies surged by 10%, Solukhola Hydropower, which is listed today, Salpa Development Bank, and Hotel Forest Inn. Greenlife Hydro rose by 9.53%. 

On the other hand, Daramkhola Hydro Energy recorded the highest loss, falling by 10%, followed by Khanikhola Hydropower (5.18%), Three Star Hydropower (3.35%), and Himstar Energy (3.30%).

Hydropower companies dominated the trading volume with Greenlife Hydropower, Ridi Power, National Hydropower, Himal Dolakha Hydropower, and Radhi Electricity registering the highest trading volumes today.

Last Thursday, the final trading day of the week, the NEPSE index had increased by 23.87 points to close at 2,820.4 points, driven by strong gains in banking, finance, and hydropower sectors. Weekly turnover recorded nearly NRs 50 billion.